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Search Results 0 to 49 of about 76 (some duplicates have been removed)
of thousands of americans will lose jobs. the president got some backing from budget hawks erskine bowles and alan simpson. they were back in the news today with a new plan to sharply reduce federal spending. darren gersh reports. >> reporter: the president was flanked by emergency responders who'd be hit hard if automatic spending cuts take effect on march 1, and he placed the blame on republicans. >> so far, at least what they've expressed is a preference where they'd rather have these cuts go into effect than close a single tax loophole for the wealthiest americans. not one. >> reporter: as the clock ticks down to the sequester, democrats and republicans are hunkered down for a fight. even so, budget commission co- chairs alan simpson and erskine bowles tried to push both sides to talk, calling the automatic spending cuts stupid. but even simpson and bowles are not optimistic. >> they'll go to sequester, and americans will be furious and irritated and disgusted, and they are already. they're disgusted at these people. >> reporter: still, simpson and bowles are urging "these people" to
that. alan simpson and erskine bowles with another plan to help cut the debt in washington. more on that. stay with us. ity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a
30 minutes here on c-span2 alan simpson and erskine bowles who co-chaired the national commission on fiscal responsibility, will discuss the federal budget, federal spending and the automatic cuts scheduled to take place on march 1st. they'll sit down with mike allen of politico at 8:30 eastern. and then at 10 eastern, a panel on iran's nuclear program. we'll hear from former ambassador thomas pickering. you can see live coverage from the brookings institution. >> now to a discussion on women in politics. this part of the conference held at southern methodist university in dallas looks at some of the challenges facing women candidates. this is 30 minutes. >> hi, everybody. thank you so much for having me today. the weather in d.c., i thought that i was getting a wreak coming to dallas -- [laughter] and, unfortunately, i had to wear my coat this morning. so what i'm here to talk to you all about is why we need more women in politics. but this weekend i was looking on the internet, and i found what i think is a much better title for this talk, and that is ask not what you can do for
and erskin bowles. they used their new plan for deficit reduction. here it is in a nutshell. it calls for overhauling the tax code and implementing the tax cuts. it cuts the federal deficit by 2.4 doll trillion over the ten years. this is more of the white house goal of 1.5 trillion. but the bottom line no one will be really happy because it hurts both ways. we have an all-star money power panel to break it down. diana further got roth. she is with the formerly with the u.s. department of labor. joining us tonight, former massachusetts senator scott brown and fox news contributor. welcome to all of you tonight. >> great to be with you. >> thank you. sandra: senator brown, i want to start with you first. this is your first time on the program so welcome. >> thank you. sandra: when we look at this new plan we say, well, everybody's got to give. everybody is going to be upset in some way. even erskin bowles, they're asking for the left to give even more here. i guess the big question, do you think this even has a fighting chance? >> well, first of all i think it is important to reference
felt it was a real lost opportunity. >> former clinton white house chief of staff erskine bowles and, of course, former republican senator alan simple son have modified their budget reduction plan outlining it today at a politico breakfast. joining us politico -- jim van de hye. >> these two have been -- the simpson bowles plan was considered the gold standard. the president kind of, sort of didn't really endorse it or embrace it. they've been very clear that they felt they did not get what they expected, which was the boost from the white house. they still had a lot of democrats and even republican or two going along with them, but it never took off. what have they done now to the plan to try to get a new lift? >> what they're trying to do is modify the plan. for one, the reality we just had, the tax increases in december, and also, as sort of a middle ground call between what the white house has put on the table in terms of deficit reduction and what republicans want in essentially they're calling for an additional $2.5 trillion in deficit reduction. they would get that through a c
. >> the american people are expecting us to be serious about this. >> a new deficit reduction plans he by erskine bowles and alan simpson would cut the deficit by $2.40 trillion over 10 years. >> both camps have got to get out of our comfort zone and make tough decisions. >> lawmakers are likely to call or changes to health care and social security and the tax code. at this point, it looks like we will pit the sequestered for a period of time. >> because those cuts which impact federal agencies, airport security lines could get a lot longer. airports across the country will see staffing cuts on march 1 if the federal budget cuts go through a schedule. employees in airport security, customs, and air traffic control would join those in the pentagon taking forced furloughs. office depot and office max are joining forces to combat hard economic times. the two have decided to merge. e max is a slightly smaller chain paid the two hope that the mergers will save both businesses and help them compete with staples. you'll pay more to watch your super bowl champion ravens play next season. they have confir
. the president has already cut about $4 trillion, and what the president is saying, and what erskine bowles is ways and what everybody economist who looked at this is saying is there have to be cuts which the president is willing to do stewart, but there has to be new revenue. it has got to be both and you know it has to be both. i mean that's what is -- i don't think this is difficult to understand. i think most american people understand this. you are running a business and find out that things are not adding up, and you are not either making enough money or you are losing money. you have got to look at where we can cut to save some costs here but also how we get some new revenue in the door. if it's your family budget and you find that you are strapped and you can't do some of the things you want to do in terms of a new car, vacation improvements to the home or just keeping up with the monthly bills, you have to look at your budget and say what are we doing that we can cut, right? and how can we get some new revenue? take a second job? get a pay raise? i don't know. r
's interesting that you bring up the grand bargain because erskine bowles. one of the take-aways was erskine bowles saying the idea of a grand bargain is at best on life support. this is a little bit of sound from "the daily rundown" where they also made appearances. take a listen. >> the truth is both camps have got to get out of their comfort zone and they've got to make these tough decisions. they made the easy ones. now they got to make the tough ones. >> are we any closer to any tough decisions being made? >> well, what's funny is that we are like 80% of the way to what they wanted to begin with. we've already made more than $2 trillion worth of cuts and raised, you know, close to $1 trillion in revenue. we're within spitting distance of this -- of it being sustainable, where there's more growth, there is growth and growth in the deficit. you would think that that would change the posture of people like simpson bowles, but they keep going to this. >> to get to $2 trillion, you have to sequester. it assumes we're going to achieve these cuts over the next few years. >> or a little more gr
. 2013] >> there will be a question and answer -- >> coming up this morning on c- span 2, erskine bowles will discuss the federal budget, spending and the automatic cuts that will take place on march 1. he will sit down with mike allen of "politico"that it o'clock 30 eastern. -- at 8:30 eastern. we will have "washington journal" in a moment. business leaders would talk about higher education priorities live from the u.s. chamber of commerce at 10:00 eastern. later in the day, it looked at canada-u.s. relations with the canadian ambassador to the u.s. in his state of the union speech, president obama talks about raising the minimum wage. in 45 minutes, we'll talk about how it would affect the economy with a "york times"record year. -- with a
wyoming and erskine bowles, former chief of staff to democratic president bill clinton. here is what they had to say. >> wellers kin describes it best,er calls it mindless, stupid, stupid, stupid, he used the term three times, i heard him do that, and it is. it's mindless. and remember it's going to be very, very disruptive for various reasons. >> it really is just plain stupid. there is no business guy listening to this program today who would ever do these mind less, senseless across the board cuts. jon: and yet a.b. it appears the mindless, senseless across the board cuts pw-r to happen. >> that's right. the president folk ugsess often on the domestic spending cuts where the defense spending cuts are so draconian his own secretary of defense leon panetta has called this legislative madness and all the top brass in the military has warned it will degrade our readiness and really put it at crisis levels. this is something republicans promised would never happen. this is something the president said in a debate with mitt romney in the fall that was never going to happen. it is madnes
about that daring diamond heist that took place in bell july. he's a jewel thief. also erskine bowles about the new plan revealed yesterday to fix the debt and alex karpovsky from the hit show "girls" will be with us. it's wednesday, february 20th and "starting point" begins right now. welcome, everybody. our team this morning, josh barrow, blogger, mickey sherman, john berman sticks around as well. the incredible testimony we've been hearing and following out of south africa in the oscar pistorius case. no decision yet on whether or not pistorius will in fact get bail. it continues tomorrow morning, 4:00 a.m. our time, 11:00 a.m. in south africa. today the defense started to rip holes in the case presented against pistorius and they now say that he was arrested for no reason, that it might be a malicious prosecution, could be wrongful arrest. talk about coming out swinging as far as the defense goes. let's go first to robyn curnow outside the courthouse in pretoria, south africa, to break down some of the latest developments. good morning, robyn. >> reporter: one cnn producer inside
. it will be. >> reporter: allen simpson and erskine bowls who led a commission on the debt say it will be painful for lawmakers as voters start feeling the effects like longer lines at the airports. >> when that happens, they're going to come back to congress and say we're sick of this intrancyin intransigence intransigence, let's do something smart. >> reporter: they'll only have a few days when they return next week. danielle nottingham, cbs news, the white house. >>> on the "cbs moneywatch" now, going on the offensive against cyber attacks, and apple gets bitten by a bug. erica ferrari is here with that and more in new york. good morning, erica? >> good morning. asia got a boost from signs of recovery from the world's economy. tokyo's nikkei gain 1% to close at a high. hong kong's hang seng added more than half a percent. word of a possible merger between office max and office depot rallied wall street. the dow climbed nearly 54 points while the nasdaq added 21. >>> the white house will reveal today how it's going to strike back at china following a series o
't be painful. it will be. >> reporter: allen simpson and erskine bowles says people will start feeling the effects like locker lines at the airports. >> when this happens they're going come back and say we're sick of this intransjens, let's do something smart. >> reporter: they'll only have a few days when they return next week. >>> on the "cbs moneywatch" now, going on the offensive against cyber attacks, and apple gets bitten by a bug. erica ferrari is here with that and more in new york. good morning, erica? >> good morning, anne-marie. tokyo's nikkei gained 1%. hong kong's hang seng added more than half a percent. word of a possible merger between office max and office depot rallied wall street. the dow climbed 53 points while the nasdaq added 21. the white house revealed how it's going to strike back at china following cyber attacks. they say the obama administration is considering fines, penalties, and trade restrictions. a virginia-based cyber security firm discovered a secret chinese military unit behind years of cyber attacks. china has denied any involvement and claims it's b
adviser erskine bowles and alan simpson cuts the deficit by $2.4 trillion over ten years. >> they can squawk all then want to. get your country on course and forget the fact that you are a democrat or a republican and get to be an american and get cracking. >> reporter: the sequester was going into effect january 1 but was delayed as part of the fiscal cliff negotiations. more difficult news for this area, the pentagon announced this afternoon lit notify congress tomorrow of its plan to furlough 700,000 civilian employees if no deal is reached. those furloughs would begin april 22. i'm jennifer johnson, news4. >>> our area's economy depends on thousands of federal workers. how our region could be hard by federal sequestration. >> it is a real threat to this area. ten days to the deadline and everyone wants to see what congress and obama will do. jim deneger of the regional board of trade says it does not look good here for thousands of federal workers and private firms with practical contracts in the washington region. >> now is not the time to panic as it relates to sequestration but
plan out today, of sorts. you talked to erskine bowles today, what is their approach? >> it is really striking, the simpson-bowles one had more tax increases than president obama ever called for. if you did it now, jared's organize has done great work showing it. if you put it into place now we would raise taxes, not by $650 billion as we did in the fiscal cliff deal. we would raise it by 2 trillion, the new simpson-bowles plan because that is sort of off the table, they cut the tax to $1.3 trillion, so it went way, way to the far right on taxes, to be fair that is where president obama is currently is. but to be fair while they say they split the taxes between president obama and john boehner, they actually increased what boehner was asking for. in the final element of the fiscal deal boehner asked for including savings in interest, 1.2, the new simpson-bowles includes $1.7 in spending cuts, to about $7 billion in tax increases. that includes a higher amount coming out of health savings so it is $600 billion from health. so however you look at it, they took their plan quite far to th
and erskine bowles will tell us about how they plan to overall the tax code. >>> coming up, cramer is kicking it into high gear. his six stocks in 60 seconds will energize all of us. >>> in the next hour of the program, president obama will attempt to pitch the job to firefighters against further raising taxes on the rich. ers kin and bowls will be here with a solution to the sequester. we'll talk about google as it nears $800 a share. and the company that has written detailed reports on how the chinese are hatching american industry. will join us live in the next hour of "squawk on the street." >> all right. make your past to post nine. >> they did it with the offering. this is holding. freeport did its giant equity offering and moves all the way down. eye a buyer here. >> goldman up on gnc. >> gnc has been remarkable. this is like herbalife is a supplement company. sh a retailer people just love and i think it goes higher. >> gilliad. >> when does it quit? the answer is never in an environment where you still get slow growth and they've got a lot of good stuff in the pipes. >> biomarin. >>
cuts on the mind of erskine bowles and alan simpson, the guests at politicals playbook brecht -- politico's playbook breakfast. the chief washington -- white house correspondent mike allen moderates this discussion. >> all of you following us on twitter, happy to have you here for the simpson-bowles playbook breakfast, appearing together, senator alan simpson and former house chief of staff erskine bowles. before we welcome them, i would like to say thank you to the bank of america for their partnership. the politicals -- the political playbook breakfast is grateful for these are conversations here. on twitter, playbook breakfast, and i have a question up here. i will be taking your questions here. we would like to welcome senator simpson and mr. bowles. good morning and welcome to a book breakfast. -- playbook breakfast here at -- breakfast. [applause]>> that is it. mr. bowles, you have soup on your type. -- tie. why is that? >> on behalf of america, for the people, by the people. everybody wants to know how you can entertain the fact that you want to cut medicaid and social
't be painful. it will be. >> reporter: allen simpson and erskine bowles say they will start feeling the effects of longer lines at the airport. >> when that happens, they're going to come to congress and say, we're sick of this. let's get together and do something smart. >> reporter: lawmakers will have just a few days to stop the automatic cuts when they return from recess next week. at the white house, danielle nottingham, wjz eyewitness news. >> and the automatic cuts total $85 billion. the military alone will see a $46 billion cut from the pentagon budget. >>> well, the baby is beginning to show. the duchess of cambridge, kate middle ton, was seen at an event event. you can clearly see she's coming along in her pregnancy. this was the first appearance of the couple in months. she is due in julyful. >> -- july. >> imagine having the whole world examining your stomach. >> i saw you lean forward too. >> you said, "you see "so i was trying to see. >>> scott pelley coming up. >> for the first time, l.a. police officers targeted by christopher dor
massive cuts. a new bipartisan commission plan led by erskine bowles and alan simpson cuts the deficit by $2.4 trillion. >> they can squawk all want to either get your country on course and forget the fact you're a democrat or republican and get to being an american and get cracking. >> the sequester was going into effect on january 1 but was delayed as part of the fiscal cliff negotiations. >> now, many if -- many fear another budget stalemate affecting millions of jobs in just under a week. >> for parents of student athletes, a terrifying nightmare, watching your child perform on the field of a suddenly collapsed. >> coming up, one high school student is pushing for life- saving the legislation. >> in light of the murder of another maryland college campus, what they're trying to do to prevent crimes. that story, coming up. >> live, local, late breaking-- this is wbal 11 news at 5:00. >> and new tonight at 5:30 -- the murder of an asset -- the murder of a college to and is raising concerns over violence and what officials are doing to reduce such incidents. police are still hoping for
simpson, and erskine bowls who led a commission on the debt say it will be painful for lawmakers. as they start feeling the effects. like longer lines at the airport. >> when that happens, they're going to come and say, we're sick of this. let's do something smart. >> reporter: lawmakers will have just days to stop the spending cuts when they resume next week. >> the automatic cuts total $85 billion. the military alone will see a $46 billion cut from the pentagon budget. >>> fresh off their super bowl win, ravens are raising ticket prices. but the ravens say the ticket increase was already planned, has nothing to do with super bowl win. this is the first increase in your years and -- four years and only the 6th since the stadium opened in 1998. tickets will go up about 10%. ravens are also expected to announce a plan for improvements and renovations to the stadium. season ticket holders should look for their renewal letters in the mail this week. >> okay. >>> and bob tells us, because of inflation, he's going to have to raise the price of h
obama's deficit commission erskine bowles and all land simpson were in washington today for a discussion on the impending sequestration deadline. this is 40 minutes. [applause] . welcome all of you who are following us on twitter. twitter, happy to have you here for the simpson-bowles playbook breakfast, appearing together, senator alan simpson and former house chief of staff erskine bowles. before we welcome them, i would like to say thank you to the bank of america for their partnership. the politico playbook breakfast is grateful for these are conversations here. on twitter, playbook breakfast, and i have a question up here. i will be taking your questions here. we would like to welcome senator simpson and mr. bowles. good morning and welcome to playbook breakfast. [applause] mr. bowles, you have soup on your tie. why is that? >> on behalf of america, for the people, by the people. everybody wants to know how you can entertain the fact that you want to cut medicaid and social security. [indiscernible] we would not have to have this conversation. tax refunds. pay your fair share taxes.
tonight. thanks ofor being on "the ed show." erskine bowles and allen simpson introduced a new simpson/bowles deficit reduction plan today, even though nobody asked them to do it. the new simpson/bowles is worse than the old one. there is only $600 billion in tax savings less than what they proposed before. now there are cuts to medicare, medicaid and social security benefits. the ratio of cuts to new tax revenue is three-to-one. who voted for that? today bowles and simpson were interrupted by protesters as they tried to pitch their new plan. this is a proper response to the latest simpson/bowles proposal. >> pay your fair taxes. pay your fair tax. >> some cuts don't yield. we need good jobs now. pay your tax. >> let's bring in jonathan alter, msnbc political analyst and columnist for bloomberg view and katrina vanden heuvel, publisher of the nation magazine. great to have both of you with us tonight. jonathan, what do you make of this? we're talking about austerity when it's been proven if we go that route, it's going to hurt the economy. >> absolutely. in the short-run, you have to b
reduction plan he put together with erskine bowles wasn't carried out. >> i say to people before you, you know, begin to drool at the mouth and go crazy and scratch our eyeballs out, read the damn report. people say, what are you doing to the vulnerable? i say read it. we don't do anything to people on ssi. we don't do anything with food stamp. we don't do anything with people on unemployment. get your -- use your bean instead of listening to crap all day long from the right and the left. >> that's actually pretty tame compared to some other things he said about the folks involved in deficit reduction talks. >> if you have -- if you're a politician and get up and say i know we're going to get this done, get rid of all earmarks, all waste fraud and abuse, all foreign aid, air force one, all kngsal pensions, that's a sparrow belch in the midst of a typhoon. quit the phoniness, a lot of blood hair and eyeballs have to lay on the floor. quit the hypocrisy. quit the disgust. quit embarrassing america. this is a suicide mission. we'll get it from all sides, the right, the left. everybody knows
heard erskine bowles say we might reduce the increases. to coolidge a cut was a cut. when he left office the budget was actually lower than when he came in real terms, nominal terms with vanilla on top. >> did the economy grow or not? >> it grew strongly. 3% or 4%. unemployment was small. >> and the deficit, he paid down debt. >> he paid down debt. >> and he cut tax rates at the same time and he still paid down debt. >> he cut taxes. he had twin lion cubs. he actually named them tax reduction and the other one was budget bureau. can you imagine? >> i've already ahead the book twice. his portrayed i believe was hanging up in the cabinet room. >> yes, sir. >> when i was a young toddler working for him. john, you are a great pollster and strategist, are republicans right to hold the line or karen finney right? >> absolutely. last fall we asked a national survey shoo there be tax increases? two thirds of the voters 67% to 30 said before tax increases, get spending under control. spending is 3.8 trillion this year. the presidents -- you're talking -- you made the point they were dealing with
, infrastructure, research. >> all right. doug, what do you say? that was erskine bowles. what do you say? stupid, stupid, stupid, so maybe a small percentage of the budgets but done in a terrible way. is it worth it at this point doing another deal where we punt it another few months or do you just take the pain? >> quite frankly, the sequester is a bad idea whose time has come. the reality is that we have to cut spending. there are smarter ways to cut spending. there's no question. i'm not as charming as either of those gentlemen but it's still stupid. but it would be better, for example, for the president rather than to wave his finger at everyone, to actually put forward a single proposal to replace these cuts with targeted cuts that accomplish something. quite frankly, i admire mr. simpson, mr. bowles for their tenacity in going after a real problem that faces our economy, but if you look inside their plan today, it relies on doubling down on cutting exactly the same parts of the budget. the infrastructure, the education, the basic research, the national security, that the sequester is going
this problem. >> reporter: alan simpson and erskine bowles was plan to balance the budget was opposed by both parties will propose another budget of rewriting the tax code and deep spending cuts a compromise they hope will work for republicans and democrats. the fear is the cuts are likely to take place march 1st and last a few weeks until the public feels the pain, and congress gets the message. charlie, gayle? >> bill plante thanks. >>> we told you yesterday about our white house immigration proposal being denounced by some in congress. white house officials say this morning only half the plan was revealed. it would offer illegal immigrants a path to become legal residents. they say the rest of the plan covers long-term issues like bringing more highly skilled foreign workers to america. former white house adviser david axelrod also says it was a mistake to put out any details of the white house's plan so soon. >>> a new report says china's military is responsible for cyber attacks on the united states and other countries. virginia-based security company says i
or after? it may be that a backlash from the public alan simpson and erskine bowles were talking about the party lines getting out there. and the bipartisan group of senators, if they could make a deal tomorrow, if they were empowered to do so, but they're not. but i'm thinking it's more likely if we get a deal to undo the sequester, it will be after it takes in effect, sometime after march, perhaps associated with that march 27th deadline when funding for all the government is scheduled to run out. >> joining me now michael smerconish and a bill boykin and lois romano from politico. forgive me with the cold here. i'm going to hang in here. michael, i want to show you some of the headlines out. the boston globe has head line "massachusetts will lose 60,000 jobs if congress enacts sequestration." wtl radio, don't left sequestration happen. these are some of the local and state headlines that we're starting to see. you heard john harwood talk about the possibility of lawn lines at the airport. but again, there is a stalemate. there's nothing, at least on the calendar, that we are aware o
that we just do a balanced approach to fix this problem. >> reporter: now alan simpson and erskine bowles whose plan to balance the budget was pretty much ignored by both parties will propose a plan for rewriting the tax code and making deep spending cuts. it's a compromise they hope will work for both republicans and democrats. i have to say, the feeling here is that the cuts are likely to take place on march 1 and last a few weeks until the public feels the pain and congress gets the message. charlie, gayle? >> thanks. >>> we told you yesterday about a white house immigration proposal being denounced by some in congress. white house officials say this morning only half the plan was revealed. it would offer illegal immigrants a path to become legal residents. they say the rest of the plan covers long-term issues like bringing more highly skilled foreign workers to america. former white house adviser, david axelrod, says it was a mistake to put out details on the white house plan so soon. >>> a report says china's responsible for cyber-attacks on the united sta
Search Results 0 to 49 of about 76 (some duplicates have been removed)